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Copyright (c) 2011 Suzy Vanstrusen
If you have received a call from a debt collector informing you that your debts have been passed on to their agency, what should you do? Unfortunately, some debt collection agencies are guilty of violating the provisions of the Fair Debt Collections Act, treating borrowers offensively and some may even use threats to force payment.
How can you be sure that the agency was legally assigned to collect the debts you owe? How can you be sure that the amount...
•3 Means to Lift Your Credit Score Today
Copyright (c) 2011 Suzy Vanstrusen
Rebuilding bad credit can take a few months to a few years, depending on the how bad the damage is. But whether you have a minor bad credit problem or a serious, the best thing to do is to act now and start improving your credit one step at a time.
It doesn't matter how low your present credit score is, the important is thing is to know the right steps that you can do to raise that number. In this article, let's discuss the top three ways you can do to...
•Best Borrower Instructions to Shun Bad Credit
Copyright (c) 2011 Suzy Vanstrusen
In fact, consumers are encouraged to acquire credit in order to build personal credit history. In this article, let's talk about how credit can be managed more effectively to avoid the risk of bad debt.
On Mortgages
If you plan to apply for a housing loan any time soon, seriously consider how much you plan to take on. Most banks will offer an amount based upon your monthly earnings which is often 30%-35% of your income. Should you make use of the complete...
•The New Credit Card Law - Benefits
Copyright (c) 2011 Suzy Vanstrusen
Since the Credit Card Accountability, Responsibility, and Disclosure (CARD) Act of 2009 was passed into a law, a lot of people expects that the new law will protect them from unreasonable terms and conditions imposed by credit card issuers.
But did you know that in order to benefit from the new Credit CARD law, you need to be aware of its exact provisions and act accordingly to avoid unfair treatment from your credit card issuers? On this article, let us...
•Consolidation - Solution to Debt Problem
Copyright (c) 2010 Suzy Vanstrusen
In this article, let's discuss the different methods of debt consolidation and how you can tell if debt consolidation is the right solution for your debt problem.
Different Methods of Consolidating Debt
There are two ways to consolidate debts - through a loan and through a debt repayment program. The first option is by acquiring a loan which can be used to pay all debts in one lump sum payment. A debt consolidation loan is frequently a secured loan which...
•Understanding Your Credit Report Score
Copyright (c) 2010 Suzy Vanstrusen
Consumer and finance experts stress the importance of taking free credit repair as well as credit counseling programs in maintaining good credit standing. Many of these experts even come up with tips, suggestions and helpful pointers that consumers can employ to have almost perfect credit ratings.
But, many consumers today still find it difficult to understand how a three digit score can be associated to credit risks, much more so to financial prospects. So...
•Should You Check Your Credit Report Carefully
Copyright (c) 2010 Suzy Vanstrusen
When applying for credit card applications or loan applications, getting an approval generally depends on the status of your credit report.
Some borrowers rush-in into submitting applications to lenders only to find that they have been rejected because of unsatisfactory credit score. If you've been denied credit, you can gain of your credit report at no cost. However, you don't have to wait to get rejected before checking on your credit. Whatever type of...
•Freeze Your Credit ' A Must
Copyright (c) 2010 Suzy Vanstrusen
The process of freezing is often done when we want to "preserve" something or keep something intact. On the other hand, the term "freeze" is often used when we want to put something in an inactive or frozen state. For example, many people who want to control their spending actually put their credit cards in the freezer to freeze them. Thus, if they feel the impulse to buy using their credit cards, they will have to go through the inconvenience of...
•What to Think about Credit Freeze
Copyright (c) 2010 Suzy Vanstrusen
With the goal to stop identity theft, the government is now encouraging consumers of the United States to take charge and put up a good fight. In November 2007, credit report freeze was introduced and all three major credit bureaus are ordered to provide credit freeze to people who want them.
What is Credit Freeze?
What exactly is credit freeze or credit report freeze and how does it protect you from identity theft? As the term suggests, freezing your...
•Bankruptcy: Understanding Both Sides
Copyright (c) 2010 Suzy Vanstrusen
Mention bankruptcy to an individual and for sure these mental images will instantly pop up in his head: closing down of companies, losing a great deal of money, repossession of assets, stringent legal procedures and even cutting off of utilities and basic services. But are these only things associated with bankruptcy? Let us find out.
What is Bankruptcy?
Bankruptcy is a legal process that provides people and even businesses a fresh start from all their...
•Some Factors to Consider in Getting Debt Consolidation
Copyright (c) 2010 Suzy Vanstrusen
Ending your debt problems through a debt consolidation loan? If yes, then we suggest you read this article to help you decide better.
What Consumers Think of Debt Consolidation
Many consumers today who have read and heard much about debt consolidation loans became fully-convinced that this credit program will work to their advantage. After all, debt loan consolidation possesses so many beneficial features that will certainly suit the needs and financial...
•The Benefits of Filing For Bankruptcy
Copyright (c) 2010 Suzy Vanstrusen
Most people think that when bankruptcy is concerned, bad or negative things happens or causes it. Is this true?
In truth, when done for the right reasons, bankruptcy can actually be advantageous. It can work wonders in reliving anxiety of consumers over their financial problems. But how is this possible? And what benefits can consumers enjoy once they have filed for bankruptcy? Below we have provided the answers to these questions.
Benefits of Bankruptcy...
•Things You Need to Know About Credit Report Freeze
Copyright (c) 2010 Suzy Vanstrusen
Most of us are aware of what a credit freeze. However, there are still important points that we must know before finally deciding if this is applicable to your current situation. Below are frequently asked questions about credit report freeze and also the answers.
What is a credit report freeze?
Credit freeze is also know as a credit report lock down, a credit lock, or credit report freeze. As these terms suggest, placing your credit report on "freeze"...
•Helpful Tips on How to Repair Your Bad Credit
Copyright (c) 2010 Suzy Vanstrusen
Many consumers incur bad debts because of major events in their lives. You may suddenly find yourself laid off from your current job. You and your spouse may suddenly decide to part ways and lose much money on divorce proceedings. You may also contract a disease that can prevent you from working for several months, and even years. You may also sustain injuries or a physical disability from an accident.
These situations can limit your productivity which can...
•Save Your Child from Identity Theft
Copyright (c) 2010 Suzy Vanstrusen
Parents with children older than one year are required to file a Social Security Number for their children to qualify for tax deduction. Today however, identity thieves are using this new tactic to steal precious information and commit fraudulent activities. What exactly is child identity theft and how is it done? More importantly, how can you protect your child from this crime?
What is Child ID Theft?
Apparently, identity thieves steal a child's Social...
•Tips On Writing Credit Repair Letters
Copyright (c) 2010 Suzy Vanstrusen
Checking our credit report at least twice a year should be a habit. However, not all of us are aware of what to do after finding errors and inaccuracies on our reports. To whom should we address the letter? To help you with this, below are tips on what to do after discovering errors in your credit report.
Verify the wrong information. Before even thinking about filing a dispute, make sure that you are in the position to complain. Look closely in your credit...
•How to Avoid Loan Sharks
Copyright (c) 2010 Suzy Vanstrusen
A lot of credit consumers who are in dire need of money usually resort to the credit deals offered by loan sharks. What could be the reason behind this?
Well, people with poor credit history often find it hard to get approved for the loans and credit accounts they need. It is a fact that people with less than perfect credit ratings are usually turned down by lending firms and banks. So what these consumers do, out of desperation, is to seek financial...
•Credit Card Debt Consolidation Program: Facts and Tips
Copyright (c) 2010 Suzy Vanstrusen
There are different ways to solve credit card debt problems. On of which is through a credit card debt consolidation program. How does such program works? Will it really help you?
However, almost all finance experts would agree that debt consolidation can assist consumers in finally paying off their existing credit card debts. These professionals know the benefits of consolidating credit card debt and for sure they will encourage people with less than...
•Helpful Tips When Disputing Errors on Your Credit Report
Copyright (c) 2010 Suzy Vanstrusen
Before we discuss the tips on disputing errors in credit reports, are you interested to know first the reasons why we encounter inaccurate entries on our credit files? If you are, then we encourage you to read the next part of this article.
Reasons Why We Encounter Credit Report Errors
Truth is record keeping is never perfect. Despite of the current technologies we have, we must not forget the fact that the system used to update our credit records is still...
•What is An Identity Theft Insurance Policy?
? Copyright (c) 2010 Suzy Vanstrusen
A report by the Federal Trade Commission reveals that in 2005, about 8.3 million people in the US have been victims of identity theft. Of the cases reported, about half resulted to about $500 in damages while 10% has caused $6,000 worth of damages. Apparently, along with the improvement of technology, cases of identity theft continue to increase more than ever. In fact, identity thieves have come up with new and more efficient tactics of stealing precious...
•Are 0% Credit Cards Right For You?
? Copyright (c) 2010 Suzy Vanstrusen
Zero interest credit cards are really becoming popular nowadays. However, before applying for one, it is best to become aware of everything this type of card has to offer. Below are factors that you need to consider before finally getting a 0% credit card.
Is 0% APR Credit Card for Me?
The first thing to ask yourself is why do you want a 0% credit card? Are you going to use it to transfer over your existing balances from a high interest rate card? If so,...
•How to Deal With Debt Collectors Who Cross The Line
Copyright (c) 2010 Suzy Vanstrusen
Borrowers have the obligation to pay back their creditors. However, due to unexpected turn of events, some borrowers may encounter difficulty in keeping up with their repayment. When debts are left unpaid for too long, a creditor can assign debt collection to another agency. When this happens, negotiating debts can become more challenging than ever.
There have been reported and even unreported cases when debt collection agencies go beyond their boundaries...
•Practical Tips on Avoiding and Recovering From Credit Fraud
Copyright (c) 2010 Suzy Vanstrusen
Why are we always warned about credit fraud and identity theft? Well there is a sound reason behind such warning.
In the recent years, we have seen the alarming increase of incidents and reports of people who became victims of credit fraud and identity theft. A lot of consumer lost not only their identities but also their credibility as borrowers. After all, scam artists and unscrupulous credit organizations manipulated their credit profiles and inflicted...
•Functions and Responsibilities of the Credit Bureaus
Copyright (c) 2010 Suzy Vanstrusen
Most of us know that the three major credit bureaus are Experian, Equifax and TransUnion. But do you know what special services and functions these firms perform? Most consumers are not aware of the responsibilities of the credit bureaus.
So would you like to know more about the three credit bureaus and the important things they do? Then we suggest that you read the rest of this short article.
What Credit Reporting Agencies Do?
Note that these three...
•Stopping Identity Theft Through Credit Freeze
Copyright (c) 2010 Suzy Vanstrusen
Each year, millions of people become victims of identity theft. In the past, those who suspect that they have been victimized by identity theft can request for a fraud alert. Today, there is another option to protect your personal credit report from unauthorized access. In this article, let's talk about credit freeze and how it can help you guard against the threat of fraud and identity theft.
What is Credit Freeze?
On November 2007, the three major credit...
•What Causes Debt Problems?
? Copyright (c) 2010 Suzy Vanstrusen
Prevention is always better than cure. True enough. When it comes to debt problems, knowing what causes them is very important so you can avoid committing the same mistake. The worst thing that can happen is you filing for bankruptcy. To avoid this from happening, awareness and preparation is needed. Below are the common causes of debt:
Spending more than your income permits. Some people may think that they have their spending under control. However, you...
•Tips on Debt Reduction
Copyright (c) 2010 Suzy Vanstrusen
In the middle of multiple debt problems? This is being experienced by most people from all walks of life. With the current economic slump the country is facing, many individuals are losing their jobs while others find it really difficult to look for a new job. Some people are even forced to file for bankruptcy. Below are some debt reduction tips you can follow:
Limit plastic swipes. Surprisingly, despite the tough times, many consumers still do not exercise...
•Smart Ways to Deal With Debt Collectors
Copyright (c) 2010 Suzy Vanstrusen
For debts that have long been past due, many creditors pass on their duties to collect to an independent debt collection agency. Unfortunately, in their attempts to make the borrower pay, there are debt collection agencies that go beyond their boundaries as stipulated in the Fair Debt Collection Practices Act. If you are a consumer dealing with a debt collector, below are smart pointers meant for you:
1. Try to negotiate with your original creditor. Even...
•Credit Card Debt: How You Can Avoid Bankruptcy
Copyright (c) 2010 Suzy Vanstrusen
Many consumers today, more than ever, are struggling to make ends meet in the face of economic crisis. Unexpected job losses and lack of available employment add up to the burden. For credit card holders, they are confronted with increased interest rates and fees imposed by different issuers.
And although there had been changes made in the Credit CARD law which were meant to protect consumers from bad debt, cardholders must still face the fact that there is...
•What Does Your Credit Score Tell You?
? Copyright (c) 2010 Suzy Vanstrusen
Simply reading your credit report is not enough. More importantly, you should understand how every information in your credit report affects your credit status and your score. To help you better understand your credit report, here is a credit report guide for you which focuses on the FICO method of credit scoring.
Today, the three major credit bureaus and other reporting agencies as well as creditors are now making use of the FICO system in calculating...
•Credit Cards: Pros and Cons
Copyright (c) 2010 Suzy Vanstrusen
Credit cards have been very useful to people. You can not only pay bills with it, but you can also use it at diners or restaurants and even online shopping. Most merchants and establishments accept credit card payment. Very convenient, indeed!
As the years passed, the features and provisions of credit cards have greatly been enhanced to meet the demands of many cardholders. Indeed, when properly managed, owning a card can be beneficial.
In this article,...
•Fixing A Credit Report Dispute
Copyright (c) 2010 Suzy Vanstrusen
The key to fixing a credit dispute is knowing the right steps to take. Once you get hold of a copy of your credit report, carefully check and review it for errors and incorrect information. If you find errors, exercise your right to dispute.
Below is a credit report guide that will help you learn more about credit disputes and how you can settle them.
The first question is what items or data in your credit report can you dispute about? Most people think...
•How You Can Successfully Consolidate Your Credit Card Debt
Copyright (c) 2010 Suzy Vanstrusen
Many consumers experience difficulty in keeping up with their monthly credit card payments. It can really be a stressful situation to be in. If you want to end this dilemma, why not try consolidation? This is a process of "combining" all your credit card debts into a single account, which will allow you to focus on your payments without being pressured by your credit card companies.
What options do you have for consolidating credit card debt? Listed below...
•Why You Shold Know How to Read Your Credit Report
Copyright (c) 2010 Suzy Vanstrusen
After getting a copy of your credit report, the next thing you should focus on is how you can read it correctly. The following paragraphs will discuss the basics on how to read your credit report and what actions should you take after you have fully understood what you have read.
Free Credit Report for All
Everyone is entitled for a free copy of the credit report from the three major credit bureaus. This right is stated in the Fair Credit Reporting Act to...
•Free Credit Repair: Helpful Tips For Consumers
Copyright (c) 2010 Suzy Vanstrusen
It is true that many people suffer from bad credit for a number of reasons but the good news is that many of them also find a way to regain their good credit standing. If you are searching for a solution but worried about not having money to pay for a credit repair service, fret no more! The good news is that you can actually take some positive steps to repair your personal credit history without spending a cent.
Your Free Credit Repair Guide
So what...
•Will Bankruptcy Affect My Credit Report?
? Copyright (c) 2010 Suzy Vanstrusen
The worldwide recession gave us so many credit problems. It made us lose our jobs, and reduced our capability to provide for our loved ones. It pushed us to seek high interest credit accounts for us to have sufficient sums of money to pay for our needs. It even left us desperate to locate lenders that will extend us credit lines just so we can settle some of our debts. Yes, the trying times made it unavoidable to file for bankruptcy.
Still, bankruptcy has...
•How to File A Credit Dispute To A Credit Bureau
Copyright (c) 2010 Suzy Vanstrusen
Each consumer has the right to review his/her credit report any time. We also have the right ti dispute charges or false information, according to the Fair Credit Reporting Act. Each of the three major report firms (Equifax, Experian, Transunion) are mandated to respond accordingly to the disputes they receive by conducting an investigation and correcting the errors in the report.
Take note that credit bureaus are only recording the reports they receive...
•Your Credit Report: What You Should Know
Copyright (c) 2010 Suzy Vanstrusen
All consumers are being advised by the FTC to become aware of their credit reports to avoid identity theft and credit card fraud. The first step is to order a copy of your credit report from three credit report bureaus (Experian, Equifax and TransUnion).
In this post, let's discuss the key points on reading your credit report and the steps that you can do to fix possible errors.
What Your Credit Report Contains
The consumer credit report is categorized...
•Is Filing for Bankruptcy Advantageous?
? Copyright (c) 2010 Suzy Vanstrusen
Some people may cringe at the mere idea of filing for bankruptcy. However, the truth is many consumers are compelled to seek out bankruptcy as the last workable solution to their financial situation. Although no one really wants to have a record of bankruptcy in his or her credit report, there are times when bankruptcy can be helpful not just for the debtor but for the debtor's family at the same time.
Listed below is a summary of the possible benefits...
•Bankruptcy: Why People File for One
Copyright (c) 2010 Suzy Vanstrusen
Recession has taken its toll, not only to business owners but even to employees as well. People from all walks of life are greatly affected of the current state of our economy. Truly, no one is exempted from the effects of recession.
Now, more than ever, many people had to file for bankruptcy not only to get an opportunity to catch up with their repayment but in order to keep their families from being out in the streets. In this post, let us talk about the...
•Credit Repair Scams: Tell-tale Signs
Copyright (c) 2010 Suzy Vanstrusen
The financial crisis almost everyone is experiencing is one of the reasons why most people are prone to fraud and rip-offs. A person who aims to rebuild or repair his/her credit is one of the best prey for scammers. The Federal Trade Commission (FTC) has been very dedicated in alerting consumers against dealing with illegal credit repair companies when it comes to repairing their credit. Want to stay away from these credit repair scams? Below are some of...
•What Are My Rights - The Fair Debt Collection Practices Act
Copyright (c) 2010 Suzy Vanstrusen
Are you bothered by creditors who constantly remind you of your past due debts? Would you like to be free from stressful contacts with your creditors? Are you aware of your rights as a borrower? This article focuses on the consumer rights included in the Fair Debt Collection Practices Act. Hopefully, by the end of this article, you'll be able to take the proper action against creditors who may be violating your rights as a borrower.
Stop Your Creditors...
•How You Can Personally Repair Your Credit
Copyright (c) 2010 Suzy Vanstrusen
Some people has the wrong notion that they have to hire a professional just to have their credit repaired. There are actually ways to repair bad credit and the good thing is, you can do it yourself which means that you can save a lot as well. The following are some ways of restoring your credit:
Look into your credit report. When was the last time you checked out your credit report? If you have not done so with the last 6 months, then it is about time for...
•A Guide to Understanding What Your Credit Report Reveals
Copyright (c) 2010 Suzy Vanstrusen
Are your debts piling up? The first thing that you need to do is to get a copy of your credit report and evaluate the status of your debts. However, after getting hold of your report, you might be confused with all the numbers and details it has. There might even be a couple of terms that you are not familiar with. What should be your next step?
Consumers who are checking their credit report for the first time will most likely find all these details very...
•Tips on How to Avoid Debt Consolidation Scams
Copyright (c) 2010 Suzy Vanstrusen
Eliminating debt problems is possible through debt consolidation. Now, you can kiss your worries goodbye.
Successful debt consolidation starts with finding a legitimate and reliable consolidator or debt consolidation company. However, this can be a very challenging task. Experiences show that people who are stuck in debt problems tend to be vulnerable and too trusting. If you're not cautious, scammers can take advantage of your situation. The following are...
•The Role of Credit Bureaus
Copyright (c) 2010 Suzy Vanstrusen
Ordering and examining your credit report on a regular basis is very important so you can easily dispute any error or issue. Experts advise consumers to order a copy of their credit reports from credit bureaus to personally check it. What are credit bureaus>? What is the role they play in building a person's credit. How can they help you with your credit issues?
There are a number of agencies offering credit reporting but there are only three major...
•What Hurts Your Credit Score?
? Copyright (c) 2010 Suzy Vanstrusen
Are you aware of the things that can badly hurt your credit score? Do you know the specific remarks that you should avoid seeing in your credit report? In this article, we'll talk about the most damaging things that must never be found in your credit report. Be aware and take the necessary actions to avoid all them.
Overdue Bills. Take a look at the credit history section of your credit report. Are there records of missed payments and past due bills? If...
•Investigate Identity Theft: Check Your Credit Report
Copyright (c) 2010 Suzy Vanstrusen
Have you been denied credit by a lender because of your poor standing as a borrower? Do you receive phone calls from credit card companies notifying you about unpaid balances in your account? Are you left puzzled by these circumstances knowing that you've never made such charges and that you've always been a good borrower? If you answered yes to any of these questions, you may have been a victim of identity theft.
Protect Yourself from ID Theft
ID thieves...
•Credit Report: Facts And How to Improve It
Copyright (c) 2010 Suzy Vanstrusen
A credit report is very essential. It determines an individual's credit worthiness. In this article. let us discuss tips on how to read your own credit report. Also, we will tackle the how you can fix your credit report and improve your credit scores.
Your credit report
Your credit report is divided in four parts and these are your personal identity section, your credit history, public records (if any), and the inquiries made by to your report. The first...
•The New Forms of Credit Scoring and You
Copyright (c) 2010 Suzy Vanstrusen
In the past years, different types of credit scoring systems have been used in calculating a person's credit score. There was a time when the credit score was largely based on the number of credit cards owned, the amount of charges incurred each month, and the person's ability to pay them. As a result, people who do not own credit cards automatically become a candidate of a poor credit score. Consequently, people become ineligible to apply for a loan and...
•When To Get Your Credit Report
Copyright (c) 2010 Suzy Vanstrusen
When should you get a copy of your credit report? The perfect time to do so is at least six months before you apply for a credit card or a loan. Why is this? Reviewing your credit report in advance gives you the advantage of knowing your credit status. This way, you'll know immediately whether a creditor is most likely to grant you an approval or decline your application. Checking your credit report will also put you in a better position to bargain...
•Credit Card Annual Fee - A Good Thing Or a Bad Thing?
? Copyright (c) 2010 Suzy Vanstrusen
There are different fees associated with credit cards. Aside from the APR, the annual fee is usually the most expensive cost of all. Why do other credit card issuers charge an annual fee? Should you only go with a no annual fee card? This article will answer these two important questions:
What are Annual Fees?
It is the fee that a credit card holder must pay every year to keep the account active. Hence, it is also called activation fees. Some...
•Tips on How to know a Low Credit Score
Copyright (c) 2010 Suzy Vanstrusen
So you have ordered a copy of your credit report and score and now that it's in your hands, what should you do about it?
What are the steps you should take if you want to build up your credit and credit score? Here are some valuable tips that can help you add points to your credit score within the next few months:
Timely Payments
Many consumers tend to forget paying their credit card bills or their monthly loans exactly on their due dates. Did you know...
•Tips on How to Prevent Identity Theft
Copyright (c) 2010 Suzy Vanstrusen
Keeping guard against ID theft is a guide on how you can protect your Identity against thieves and scammers. Keep in mind that identity thieves are always on the lookout for every possible opportunity to steal personal information.
Do not provide information over the phone. You may receive a call from someone who claims to be a representative of the IRS, your credit card company or your mortgage lender. You may be asked to provide a few details about...
•How to Protect your Social Security Number
Copyright (c) 2010 Suzy Vanstrusen
As cases of identity theft continue to rise over the years, one can never be too careful. In this article, we'll be discussing the important steps that can help you minimize your risk of falling prey to ID theft. Most of these steps are simple and can easily be overlooked. However, keep in mind that identity thieves can be anywhere and these law violators are always on the alert for any chance to steal your precious information. Therefore, be...
•How to Follow Up a Credit Dispute Letter
Copyright (c) 2009 Suzy Vanstrusen
The Fair Credit Reporting Act orders all Credit Reporting Agencies to conduct immediate investigation on disputes filed by consumers. The agency must send notice regarding an investigation to be done 10 days after the receipt of your credit dispute letter.
It may take up to 30 days before the investigation will be completed. After this period, you should receive a letter from the credit reporting agency, informing you of the result of the investigation....
•Using Credit Card Rules
Copyright (c) 2009 Suzy Vanstrusen
How you use your credit cards (CC) play a big role in staying away from debt problems. Some of the steps on the correct use of CC's are pretty obvious however, putting them into practice is where the challenge comes in. In this article, we'll discuss some important reminders about you can use your credit cards wisely and keep that plastic money from causing trouble in your life.
Don't charge everything on your credit card. Some people with reward CC's...
•Benefits From Having a Credit Card With Low Interest
Copyright (c) 2009 Suzy Vanstrusen
Credit card issuers are facing tough competition and one of the best marketing strategies they came up with are low interest cards. Obviously, credit cards with low interest rate usually get the attention of the people and they're most likely to pay attention to these credit cards compared ones with standard rates and costs.
What are the benefits of having low interest CC's? Are they really as good as they promise to be? Which particular low interest...
•Protecting Your Credit Against Fraud & ID Theft
Copyright (c) 2009 Suzy Vanstrusen
Consumers are constantly reminded to keep on guard against identity theft and fraud. If you suspect identity theft, you can place your report on fraud alert. This way, when someone tries to open an account under your name, creditors who may inquire about your report will see the alert and contact the owner of the report before approving the application.
Nevertheless, a fraud alert can be ignored. Creditors do sometimes ignore the warnings and approve the...
•Get Out Of Credit Card Debt With The Use Of A Credit Card
Copyright (c) 2009 Suzy Vanstrusen
The biggest problem with credit card debt is that your debts can quickly mount up because of the high interest rates that you incur each month. If you are dealing with the same issue, why not consider getting a credit card with zero balance transfer interest?
In this article, let's talk about how you can use another credit card to be free from bad debt. But first, let discuss what a balance transfer card is.
What is A Balance Transfer Credit Card?...
•Different Debt Repair Service for Borrowers
Copyright (c) 2009 Suzy Vanstrusen
If you are experiencing difficulty in keeping up with your debt repayment, it's time to take control over the situation and consider acquiring the appropriate debt help service. In this article, let's discuss each type of debt relief service to help you see which one will work best.
Credit Counseling. Sometimes, all you need is a credit counselor who can guide you in managing your finances. A credit counselor can help you set up a budget plan so you can...
•How To Write A Credit Dispute Letter That Gets Results?
? Copyright (c) 2009 Suzy Vanstrusen
The Fair Credit Reporting Act gives consumers that right to dispute negative records in their credit report. By sending a dispute letter to the credit bureau, negative charges or remarks can be verified and if found inaccurate, must be deleted from your report.
However, in order to ensure positive response from the credit bureaus, you need to make sure that you will send a proper letter of dispute. In this article, let's discuss the step-by-step guide...
•How To Write A Dispute Letter to a Collection Agency
Copyright (c) 2009 Suzy Vanstrusen
When creditors transfer the collection of debts to a collection agency, borrowers often encounter problems dealing with collectors. Some collection agencies violate the Fair Debt Collection Practices Act and ignore the consumer rights of the borrower. Meanwhile, many consumers are not even aware of their rights and privileges.
If a notice demanding you to submit payment is given by a debt collection agency, sending a letter of dispute is the first wise...
•Why Should We Check Our Credit Score Regularly?
? Copyright (c) 2009 Suzy Vanstrusen
In real life, most people wait until the last minute before checking on their credit scores. It is only after getting denied on their credit application that many people decide to take a look at their credit reports. But waiting until a lender has rejected your application can prove to be risky. By that time, you may have incurred too many negative entries on your credit report and you may need to wait a longer time to work on improving your credit...
•How To Stay Out Of Debt During Holidays
Copyright (c) 2009 Suzy Vanstrusen
One trap for credit card holders, is the Holiday Seasons. Why? Mostly because credit card holders usually have trouble keeping control of their purchases specially when buying gifts. We all want to give only the best for your loved ones and friends but we shouldn't forget that we also have a responsibility to consider. We all have the obligation to pay back what is charged on our credit card.
To avoid the headache and misery that being stuck in debt...
•How To Build A Perfect Credit Score
Copyright (c) 2009 Suzy Vanstrusen
Having a good credit history is not only important for acquiring a loan or applying for a credit card. The quality of your credit score will also be an advantage when you have plans on finding a stable job, a decent home to rent, or obtaining an insurance policy with reasonable rates.
If a prospective landlord, employer, or insurer looks into your credit report, will he find an impressive rating? Will you be turned down because of your credit score? If...
•Got A Perfect Credit?
? Copyright (c) 2009 Suzy Vanstrusen
We often hear the importance of building good credit and striving for a high credit score. A higher credit score gives you the power to bargain with your creditors, ask for better rates, and instantly get an approval. But do you really need a perfect credit score? Will a few points in your credit score really make a big difference in your life?
Understanding the FICO Scoring System
Today, the three major credit bureaus, lenders, insurers and most...
•Can Debt Consolidation Free You From Debts?
? Copyright (c) 2009 Suzy Vanstrusen
Everyone want's to be financially stable. Have that debt free feeling. However, while there are many ways to manage debt, consolidation is usually the best solution to managing multiple debts.
It does not matter what type of debt you owe - student loans, personal loans, or credit card debts - as long as it is unsecured by any collateral, then it can be consolidated. In this article, let's talk about how you can become completely debt free through debt...
•Assets That Are Exempt In Personal Bankruptcy
Copyright (c) 2009 Suzy Vanstrusen
Personal Bankruptcy is often an option considered by those with serious debt problems. Many people have the false notion that filing for bankruptcy is the easiest way to get off from debt. But if you're considering bankruptcy just to escape from your financial obligations, you need to take a step back and learn more about bankruptcy.
The fact is, the government has already made adjustments on the bankruptcy procedures to make sure that this option is not...
•How to Read and Interpret Sections of Your Credit Report
Copyright (c) 2009 Suzy Vanstrusen
After receiving your credit report, always double check every information contained in it to see whether claiming a dispute is reasonable or not. Reading a credit report doesn't have to be a very heavy task. In this article, we will be discussing about what each detail in your credit report means to you:
Identifying Information
This section is where you'll find basic information about you. Details such as your name, home address, SSN, date of birth,...
•Things To Know About Your Credit Reports
Copyright (c) 2009 Suzy Vanstrusen
You should always remember that a credit report is a very important piece of document. It holds a lot of information that are needed when you are applying for a loan. Lenders check this report so they will have a basis on what kind of deal they can give you. If you have a higher credit rating, you are more entitled to better deals, lower interest rates and higher credit limit. Get to know more about your credit report in this article.
What information does...
•Does Having A Number of Credit Cards Means A Higher Credit Score?
? Copyright (c) 2009 Suzy Vanstrusen
Most people have the notion that the more credit cards you have in your account, the better your credit score would be. The fact is, the number of credit cards is not much of a factor in your credit score. Just because you have many credit cards in your name doesn't mean you'll also enjoy a high credit score.
What enhances a person's credit score is the way he handles his credit. In short, timeliness of your credit cards payments along with the...
•Things To Know When Consolidating Credit Cards Debts
Copyright (c) 2009 Suzy Vanstrusen
When it comes to credit card debts, consolidation is often recommended. If you own multiple credit cards and you have an existing balance with each of your cards, the best way to pay off those balances is really to consolidate. Why is this?
We all know that credit cards have different interest rates and fees. Most charges very high interest rates, particularly credit cards with reward programs. In this case, each time you carry over your balance for the...
•Financial Planning After Your Divorce
Copyright (c) 2009 Suzy Vanstrusen
One of the harshest realities in life is divorce. It is sad that in the US alone, one out of three marriages end in divorce. Aside from the emotional pain that comes with divorce, financial issues are also a challenge. If you're in this situation, how can you manage your finances more effectively and avoid money problems? Here are some financial tips after your divorce that you would want to consider:
Find a new home
If moving to a new house is an...
•The Different Kinds of Bankruptcy
Copyright (c) 2009 Suzy Vanstrusen
There are different categories when it comes to filing for bankruptcy. Each one was specifically designed for different individual's situation. Years before October 17, 1995, a person who wishes to declare bankruptcy can choose on his own which category he wants to file for. But after that said date, a new amendment was approved in the Bankruptcy Law that governs the US.
Today, a person cannot make a decision on his own. Bankruptcy chapters 7 and 13...
•What To Do in Disputing Errors
Copyright (c) 2009 Suzy Vanstrusen
It is a good thing that Fair Credit Reporting Act was signed in 2003. This will give consumers a right to dispute errors as soon as they find one in their credit report. With so many scammers taking advantage of the technology the world has in fooling people, it is really good to know that we can do something about it.
What other factors can cause errors in a credit report? There will be instances that wrong information are given by creditors,...
•How Unsecured and Secured Debt Consolidation Loans Can Help People
Copyright (c) 2009 Suzy Vanstrusen
Debt consolidation loan is an option you have if your debts are piling up and you don't know how to pay for it anymore. Instead of resorting to bankruptcy, you can first solve the problem by consolidating your debts. You can choose between secured and unsecured debt consolidation loans. What is the difference between the two? How can it be the solution to your debt problems?
Secured Debt Consolidation Loans
A secured debt consolidation loan is one that...
•Knowing The Parts Of A Credit Report
Copyright (c) 2009 Suzy Vanstrusen
So you've been told to get a copy of your credit report. Where should you get a copy? The answer is, you must get one copy from each of three major credit bureaus in the country- (Equifax, Experian, TransUnion). Why should you obtain a copy from each? Some people think that all three credit reporting agencies are the same.On the contrary, each one of these three agencies performs their jobs separately. Thus, the report you'll get from one bureau may have...
•Can Debt Consolidation Hurt Your Personal Credit?
? Copyright (c) 2009 Suzy Vanstrusen
Some people are having second thoughts when it comes to debt consolidation. They think it will cause huge damage in their credit history? Is there a truth in this? Will deb consolidation hurt your personal credit history?
Debt Consolidation in Your Credit Report
Once you apply for debt consolidation, it will be recorded in your credit report. Will this have a bad effect on your credit rating? Initially, it would be easy to feel the impact of...
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